LUNC/USDT – 1H – SELL

The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.000058870 is expected.

Caution: A possible change in the direction of the resistance zone at 0.000062690 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 6.0225E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000062690 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000062690 – 0.000061830 – 0.000060980 – 0.000058870 – 0.000057760 – 0.000059760 — 44.577205242074 – 41.723972369765

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –